Tower Bersama connects with bond investors

The Indonesian telecoms infrastructure provider launches a $350 million bond, returning to Asia’s debt markets for the first time in two years.

Tower Bersama Infrastructure sold a $350 million seven-year bond that is callable in year four on Tuesday evening, accessing Asia’s debt capital markets for the first time in two years.

The Reg S-only offering of the Jakarta-based provider of telecoms infrastructure to wireless carriers priced at a yield of 5.25%, which is a hefty 50bp tighter than its initial price guidance area of 5.75%, according to a term sheet seen by FinanceAsia...